Management framed Line 200 as a multi-source corridor feeding Gillis, with Momentum’s NG3 and Williams’ LEG delivering into Gillis while Transco’s trunk lines serving Woodside LNG demand; no fixed LEG-vs-Momentum percentage was given, with the emphasis on sourcing the lowest-cost supply from Haynesville and connected pipelines to meet Woodside LNG take-or-pay commitments.
Generated by Dafinchi AI. Source-grounded AI analysis, not investment advice.
What did management say about Line 200 supply mix LEG vs Momentum?
Management’s response framed Line 200 as originating from Gillis, with multiple upstream supply sources feeding the corridor, including Momentum’s NG3 system and Williams’ LEG system delivering into Gillis. Specifically, they noted that Momentum’s NG3 pipeline is operating and the LEG system delivers into the Gillis area, alongside other pipelines connecting into Transco at Gillis. 1
They did not give a precise percentage split or a quantified “how much of Line 200 capacity comes from LEG vs Momentum.” When asked how much Line 200 capacity could be sourced from Transco LEG and Momentum, the discussion pivoted into describing the structural supply picture (Gillis origin, connected systems, and the role of Transco) rather than providing a numeric mix. 21
Management emphasized that the key objective is to source the lowest-cost, most abundant supply to support the Woodside LNG project and Line 200 customers. They explicitly said that the Woodside project is fully subscribed (take-or-pay) and that the remaining task is “just a matter of making sure we can find the lowest cost supply to support the LNG customers.” 1
In that context, the “mix” is effectively determined by:
Management also tied Line 200 to expansions that improve the platform’s ability to serve demand along the corridor:
This supports their qualitative positioning that both LEG and Momentum-related infrastructure are part of an integrated delivery system, rather than a single-source arrangement. 13
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